London is well and truly a global city. This claim is not one that requires much in the way of justification, given its plainness; London is a city of millions – 8.8 million, to be precise – comprising myriad cultures, experiences, professions, ancestries and characters. These millions constitute a melting-pot of experience and influence that can trace itself around the globe many times over, in every industry and every walk of life.
The degree to which it has grown and flourished is with thanks to these many threads, but there are some threads in particular to which the city owes a debt. London’s place as a global financial centre has allowed it the capital to flourish as it has, and that globality was itself only made possible by the city and its infrastructure. Put plainly, London’s transport network is in large part responsible for its seat at the global table. But how?
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The London Advantage – A Hub for International Business
Even in the aftermath of the United Kingdom’s exit from the European Union, London remains a powerful player on the global stage. It is a gateway for international business, and a central meeting point for business leaders whether or not they are domiciled in Britain.
London’s Stock Exchange is one of the largest in the world, with a market capitalisation of nearly four trillion pounds; it is plain to see, then, that this financial behemoth is a key motivator for many international businesses. London’s situation as a financial capital has also led some of the greatest financial minds to the city, making it the place to be for advice and counsel.
Transportation Infrastructure – The Backbone of London’s Success
London’s unique global situation is only enabled by its infrastructure. In order for an international seat of commerce to become one, it needs to not only be easy to enter but also easy to navigate. London is one of the most well-connected capitals in the world, creating – and with thanks to – its power.
For one, there are six international airports in London, enabling travel from every corner of the world. Of these six, Heathrow is the largest – a major hub for travel, and one with defining influence on the growth of business in the city.
Internal Infrastructure
London’s internal public transport infrastructure is also significant. It has well over 300 train stations (not counting the Underground), meaning trains to London are frequent, accessible and able to touch every borough. This brings us to the Underground – the first of its kind, and one of the most well-integrated public transport systems in the world. The Underground trivialises cross-city travel, making meetings a simplicity.
London’s road network is also broad, and enjoys a comprehensive bus service as well as the convenience of a taxi. But it is London’s transport infrastructure besides that makes it a playground for finance and commerce.